BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company in the year under review was that of the development of building projects. 5 March 2024 2 2 NI635098 2023-11-30 NI635098 2022-11-30 NI635098 2021-11-30 NI635098 2022-12-01 2023-11-30 NI635098 2021-12-01 2022-11-30 NI635098 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI635098 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI635098 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI635098 uk-bus:AbridgedAccounts 2022-12-01 2023-11-30 NI635098 uk-core:ShareCapital 2023-11-30 NI635098 uk-core:ShareCapital 2022-11-30 NI635098 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI635098 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI635098 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI635098 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI635098 uk-bus:FRS102 2022-12-01 2023-11-30 NI635098 2022-12-01 2023-11-30 NI635098 uk-bus:Director1 2022-12-01 2023-11-30 NI635098 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI635098
 
 
Washington St. Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 November 2023
Washington St. Limited
Company Registration Number: NI635098
ABRIDGED BALANCE SHEET
as at 30 November 2023

2023 2022
Notes £ £
 
Current Assets
Stocks 1,108,100 1,106,350
Debtors 590,640 599,601
Cash and cash equivalents 27,232 10,654
───────── ─────────
1,725,972 1,716,605
───────── ─────────
Creditors: amounts falling due within one year (1,236,989) (1,230,241)
───────── ─────────
Net Current Assets 488,983 486,364
───────── ─────────
Total Assets less Current Liabilities 488,983 486,364
 
Creditors:
amounts falling due after more than one year (17,240) (27,233)
───────── ─────────
Net Assets 471,743 459,131
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 471,643 459,031
───────── ─────────
Equity attributable to owners of the company 471,743 459,131
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 5 March 2024 and signed on its behalf by
           
           
________________________________          
Mr. Brian O'kane          
Director          
           



Washington St. Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
Washington St. Limited is a company limited by shares incorporated in Northern Ireland. 16 Mount Charles, Belfast, BT7 1NZ is the registered office. The principal place of business of the company is 49 High Street, Draperstown, Co Derry, BT45 7AB. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The going concern basis assumes that the company will continue in operational existence for the foreseeable future, having adequate funds to meet its obligations as they fall due. The directors have concluded after making enquiries and considering any uncertainties, that there is a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stockss are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
4. Capital commitments
 
The company had no material capital commitments at the financial year ended 30 November 2023.
   
5. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.